Coface buys credit management company
Credit insurer Coface LBF has acquired Cimco and its sister company The Creditors Group. The companie...
Credit insurer Coface LBF has acquired Cimco and its sister company The Creditors Group. The companies will now be reorganised into a single subsidiary of the Coface Group, under the name of Credico.The acquisition will enable Coface to expand its activities in the UK beyond trade credit insurance by moving into the integrated credit management arena. Credico will be the direct sales channel for the supply of these services in the UK.
David Mullen, managing director of Cimco, and his partner
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